The Jeddah Tower in Saudi Arabia, is expected to be the tallest building in the world, knocking Dubai\u2019s iconic Burj Khalifa off its throne. It is planned to be the world\u2019s first 1km high building, and the centrepiece and first phase of a development and tourist attraction known as Jeddah Economic City. The design, created by American architect\u00a0Adrian Smith, who also designed the\u00a0Burj Khalifa, incorporates many unique structural and aesthetic features. The creator and leader of the project is Saudi Arabian prince\u00a0Al-Waleed bin Talal.<\/p>\n
In early August, the Binladin Group was chosen as the main construction contractor with the signing of a US $1.23bn contract,<\/sup>\u00a0which was less than it cost to build the Burj Khalifa US$1.5bn.<\/p>\n On 13 August, it was announced that the landscaping contract\u00a0for the Jeddah Tower was to be awarded to Landtech Designs, a US-based company, who will be responsible for irrigating 3.4 hectares (8.5 acres) of green space by using the latest technology in sustainable irrigation. The supply of water to irrigate the green space would be collected through rainwater.<\/p>\n On 21 September, it was announced that financing for the Jeddah Tower was complete. Talal Al Maiman, chief executive officer and managing director of Kingdom Real Estate Development Co. said in an interview that they have all the investors, all the finance, all the money they need. \u201cIt took us beyond 20 months to convince investors, working every detail and aspect of financing,\u201d Al Maiman said.<\/p>\n On 10 October, Kingdom Holding awarded contracts totalling US $98m for the project.<\/p>\n2012<\/strong><\/h5>\n
2013<\/strong><\/h5>\n